30.06.2025 12:14
The gram of gold is trading at 4,222 lira after starting the week with an increase. A quarter gold is being sold for 6,950 lira, while a Republic gold is priced at 27,720 lira.
On Friday, the gram price of gold, which lost value in parallel with the decline in the ounce price, completed the day with a decrease of 1.3% at 4,201 lira.
The gram price of gold started the new day with an increase, and as of 09:30, it has gained 0.5% in value, reaching the level of 4,222 lira. A quarter gold is sold for 6,950 lira, and a Republic gold is sold for 27,720 lira.
The ounce price of gold is trading at 3,291 dollars today, with an increase of 0.5%.
DEVELOPMENTS IN THE US AFFECT PRICES
Increasing optimism that the US may reach an agreement on tariffs and the depreciation of the dollar index are affecting asset prices. The growing optimism that the US may reach an agreement on tariffs with its trading partners and the depreciation of the dollar index are influencing asset pricing.
On the other hand, Trump continues his criticism of Federal Reserve (Fed) Chairman Jerome Powell, stating that he will appoint someone who will lower interest rates in Powell's place. Trump, who expressed a strong desire for Powell to resign, said that whoever comes as the new Fed Chairman should lower interest rates. With these developments, the dollar index, which continues to hover near its lowest level in three years, fell by 0.3% today to 97.1 compared to its previous close.
DECREASE IN TENSION WEAKENS DEMAND
Analysts stated that the decrease in trade tensions between the US and China has weakened safe-haven demand, increasing risk appetite, but the ounce price of gold has gained value with the support of the weakening dollar index.
Today, analysts noted that there is a busy data agenda domestically, while in the US, the Dallas Fed manufacturing index and ECB President Lagarde's speech in the Eurozone will be followed. They also mentioned that technically, the support level for the ounce price of gold is at 3,340 dollars, while the resistance level is at 3,380 dollars.